Operation, AI, doctors
Other

This VC says $10bn in the federal budget for health and aged care is a sign that government’s not the solution for innovation in a sector that’s slow to change

- May 21, 2024 2 MIN READ

I am pleased to see the Australian government’s new budget allocates a $23 billion package for renewable energy innovation and development and $10.7bn to health and aged care. These investments are significant, but they also highlight a critical need for a shift in policy towards investments in proactive and preventive measures in healthcare. As the… Read more »

canaria technologies founders at nasa
AI/Machine Learning

Brisbane’s Canaria Technologies shoots for the moon with NASA-approved AI for astronauts

- February 6, 2024 3 MIN READ

Having broken new ground in health tech for high-risk situations, Canaria Technologies is taking its next giant leap – to infinity and beyond. The Brisbane-based startup is gearing up to take its pioneering tech in predictive biometrics to the next frontier: outer space. Canaria’s wearables, which combine data about how the human body functions with… Read more »

Midnight Health cofounders Matt Anderson and Nic Blair
Funding

Insurer nib takes third bite of online scripts startup Midnight Health, pledging $24 million for 77% stake

- June 20, 2023 2 MIN READ

Brisbane online prescription startup Midnight Health has raised $15 million in a Series B with ASX-listed insurer nib stumping up the cash for a third time 19 months to own more than three-quarters of the business. nib’s investment comes as regulators crack down on the sector, forcing medtech companies to shift from online applications for… Read more »

MoreGoodDays
Funding

Blackbird, Giant Leap back healthtech startup tackling chronic pain with $3.5 million raise

- March 13, 2023 2 MIN READ

Melbourne  healthtech startup, MoreGoodDays has raised $3.5 million for a digital solution to managing chronic pain.  The round was led by Blackbird, with support from impact fund Giant Leap, Side Stage Ventures, the Snow Foundation, and LaunchVic’s female-focused sidecar investment program, the Alice Anderson Fund.  Neala Fulia and Helena Ngo co-founded the healthtech platform to… Read more »

Vively glucose monitor
Funding

Healthtech startup Vively raises $1.5 million in pre-Seed to tackle blood sugar levels

- December 22, 2022 2 MIN READ

Vively.com.au, a metabolic wellness platform, has raised  $1.5 million in an oversubscribed pre-Seed round led by Archangel Ventures. Vively uses constant glucose monitoring via an arm patch to help people understand how their diet and lifestyle is affecting their metabolic health in real-time. The funding will be used on product development and growth to capture… Read more »

Midnight Health cofounders Matt Anderson and Nic Blair
Funding

Insurer nib backs Queensland startup Midnight Health in $12 million Series A

- August 31, 2022 2 MIN READ

Brisbane startup Midnight Health has taken on a $12 million Series A investment from health insurer, nib, which values the 18-month-old healthtech brand builder at $48 million. The latest backing follows on from a $4 million initial investment from nib in November 2021. The fresh capital is earmarked towards technology investment, more staff, new product… Read more »

Venture Capital

Twiggy Forrest is backing biotech with a new $250 million VC fund

- August 15, 2022 2 MIN READ

WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »

Funding

Healthtech startup InstantScripts sees valuation jump 10% as Bailador chips in another $5 million

- August 8, 2022 2 MIN READ

Digital healthcare platform has raised $5 million in a follow-on investment from ASX-listed venture fund Bailador Technology Investments. Bailador (ASX:BTI) has already tipped $16.6 million into InstantScripts, and the latest capital injection has defied the current trend of plunging startup valuations, with the VC saying the valuation at the latest round has resulted in a… Read more »

Funding

Kiwi healthtech startup Carepatron banks NZ$1.6m pre-seed round from Blackbird to ramp up global growth

- July 26, 2022 2 MIN READ

Kiwi healthtech software platform Carepatron has raised NZ$1.6 million in pre-seed funding to develop its collaborative health workspace The round was led by trans-Tasman VC Blackbird. The Kiwi startup has bootstrapped until now and will use the cash injection to grow its global team and deliver its product and growth vision. Carepatron was founded by… Read more »

Dr Kate Cornick
Accelerator

LaunchVic is on the hunt for budding startup founders to tackle key health issues facing young people

- April 29, 2022 2 MIN READ

Victoria’s startup agency LaunchVic, is partnering with the state’s health authority VicHealth to harness the power of entrepreneurship and innovation to tackle of the key health issues of young people with a new accelerator program. The VicHealth X LaunchVic CivVic Challenge is looking for aspiring founders and early stage startups keen to find solutions that… Read more »

Funding

Medibank backs health startup Medinet with $10 million

- March 17, 2022 2 MIN READ

Health insurance fund Medibank Private has taken a minority stake in telehealth app Medinet with a $10 million investment. The app offers 24/7 telehealth consultations with a GP as well as door-to-door prescription delivery. The funds will be used to scale and develop the platform’s technology. Founded in 2019 by a group health care professionals,… Read more »

Funding

Digital medtech startup Andi Health raises $600,000 in pre-seed round

- March 11, 2022 2 MIN READ

Sydney-based digital health startup Andi Health has raised $600,000 in pre-seed funding. The round was led by Melbourne VC Brenteca Investments. The cash is for Andi to build what it says is “the world’s first human health coach in your pocket”. Andi’s subscription-based health management platform integrates a range of health devices and analytics, combining them… Read more »